Foundation of Wesley Woods, Inc.

Overview

The Foundation of Wesley Woods, Inc. is a nonprofit organization based in Atlanta, Georgia, with a tax-exempt status since March 1984. It operates under the Employer Identification Number (EIN) 581543164. The organization is classified as a public charity and is primarily focused on supporting health-related activities, specifically within the realm of general and rehabilitative health services.

Mission and Activities

The mission of the Foundation of Wesley Woods, Inc. is to create communities of connection, well-being, and promise for older adults living in Wesley Woods communities. This mission is achieved by raising vital funding for essential services such as housing and meals, pastoral care, wellness programming, and capital needs. The organization supports various entities, including Wesley Homes, Inc., Wesley Woods Center of Emory University, Inc., Wesley Woods of Athens, Inc., Wesley Woods of Newnan-Peachtree City, Inc., and Wesley Woods Senior Living, Inc.

Financial Overview

The Foundation's primary sources of revenue include contributions and investment income. Contributions generally make up a significant portion of the total revenue, often exceeding 70% in various financial years. Investment income also plays a crucial role, providing substantial support to its mission-driven activities. The organization maintains a strong financial base, with total assets significantly exceeding total liabilities.

Governance and Leadership

The Foundation is governed by a diverse board of directors composed of professionals from various sectors, including law, medicine, real estate, and religious organizations. The board follows rigorous governance practices, including formal orientation for new members, oversight of the CEO, ethics and transparency policies, and an inclusive recruitment process to ensure diverse perspectives.

Recognition

The Foundation of Wesley Woods, Inc. has received a 4-star rating from Charity Navigator, indicating sound financial health and commitment to accountability and transparency.

Services

The Foundation facilitates several key services for its communities, including:

• Charitable Care: Provides financial assistance for housing and meals to residents who may have outlived their savings.
• Pastoral Care: Offers spiritual support through on-site chaplains who conduct hospital visits, counseling, and worship services.
• Wellness: Enhances residents' physical and emotional well-being through fitness classes and on-site nursing care.